One of the most significant developments for the insurance industry is the introduction of the new international accounting standard, IFRS 17, due to come into force in 2023. The new standard will require insurers to revamp their financial reporting practices and financial statements with the overall objective of increasing transparency and comparability. While this development is to be welcomed, there are however important implementation challenges that insurance supervisors can help to address to facilitate a smooth transition.
On this webinar, participants will hear from experts from the Financial Stability Institute (FSI) and the International Monetary Fund (IMF) who will present their joint paper on Accounting standards and Insurer Solvency Assessment. They will present the results of a survey carried out by 20 insurance supervisors and highlight the potential regulatory and supervisory implications arising from IFRS 17.
This webinar will be supervisors only and will take place at 10am CET in English (with simultaneous French interpretation) and 4pm CET in English (with simultaneous Spanish interpretation). It will last one-hour and will take place via WebEx.
We are the implementation arm of the International Association of Insurance Supervisors (IAIS) on Inclusive Insurance. We generate and disseminate knowledge, build capacity, contribute to IAIS standard-setting, we foster learning and dialogue, support implementation at the regional and national levels, and participate in global advocacy processes.